Energy news in general

pochase

Not as bad as feared.

njm123

MattMattMattUK said:

sienew said:

MattMattMattUK said:

charliesf said:

Lot's of people are in fuel poverty and lots businesses will also go to the wall if nothing happens.

She is not proposing any help for businesses, only intervention for domestic tariffs. The proposal to freeze the price cap is short term gain for long term pain, better to have a winter or two or cutbacks than a decade, possibly two of cutbacks which is what this will lead to.

The BBC are reporting she will have a similar package for businesses, especially SME's.

If that is the case we are going to tanm our nation's credit rating and interest payments on government debt are going to rise, probably substantially. Throw in the tax cuts she has promised and she will manage to make Corbyn look financially literate by comparison.  

Unfortunately if the stories that are in the press are true rather than a series of plants to weed out who is leaking to the press it looks like Corbyn and co were far more economically literate than the new PM.   But then does she care keeping energy bills down for a couple years and cutting some taxes will probably be enough to win the next election, if it's not whoever takes over the economy will be such a mess that the Tories will almost be guaranteed to win the following election.  Either way she's achieved her ambition of being PM which is all she actually cares about.

        

Spies

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

spot1034

Spies said:

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

That sounds a fair idea, but it doesn't address the issue that fixed customers have been overpaying in the run-up to October, which most will only have been doing in anticipation of gaining after that date. 

sienew

spot1034 said:

Spies said:

Wouldn't the fairest way to do it to be to apply a credit per unit rate to bring what everyones paying in to line? That way people who fixed won't be penalised? 

That sounds a fair idea, but it doesn't address the issue that fixed customers have been overpaying in the run-up to October, which most will only have been doing in anticipation of gaining after that date. 

I find it very hard to imagine they'll do anything at all for people who have been over-paying previously. The best I'd expect if I was in such a situation was a waving of exit fees so you can move to the new SVT.

spot1034

Perhaps the answer is for suppliers to keep details and offer a really good fix, not available to others, to such customers at the other end of all this. That would be an incentive to stay put, so would be worth it for the supplier.

Mstty

BBC News - Energy firms to bring down bills using state loans

https://www.bbc.co.uk/news/business-62801913

bristolleedsfan

https://twitter.com/MrHarryCole/status/1567089529881874433

JUST IN: Despite speculation/mischief-making to contrary, Truss bailout is not a loan scheme that will see higher bills in future to pay it back. Multiple sources from govt and industry saying it will come from taxation/borrowing.

nekr0mantik

bristolleedsfan said:

https://twitter.com/MrHarryCole/status/1567089529881874433

JUST IN: Despite speculation/mischief-making to contrary, Truss bailout is not a loan scheme that will see higher bills in future to pay it back. Multiple sources from govt and industry saying it will come from taxation/borrowing.

Paid back via taxation lol

She said she will decrease taxes not increase so has she already u turned 

bristolleedsfan

nekr0mantik said:

bristolleedsfan said:

https://twitter.com/MrHarryCole/status/1567089529881874433

JUST IN: Despite speculation/mischief-making to contrary, Truss bailout is not a loan scheme that will see higher bills in future to pay it back. Multiple sources from govt and industry saying it will come from taxation/borrowing.

Paid back via taxation lol

She said she will decrease taxes not increase so has she already u turned 

She also said no new taxes lol